Osborne Clarke advises BGF on its investment in autonomous vehicle software global leader Oxbotica's Series C funding round raising US$140m

International law firm Osborne Clarke has advised BGF on its investment in Oxbotica's US$140m Series C funding round. The funding will be used to drive Oxbotica's global expansion and accelerate commercialisation of its technology.

The investment round accommodates growing demand from the market (and current shareholders) and includes financial and strategic partners from North America, EMEA and APAC, including new investors such as Aioi Nissay Dowa Insurance Co., Ltd and ENEOS Innovation Partners and current Oxbotica shareholders who are re-investing alongside BGF, including bp ventures, BGF, Halma, Hostplus, Kiko Ventures (IP Group), Ocado Group, Tencent, Venture Science and ZF.BGF previously participated in Oxbotica's US$47 million funding round, investing £6 million.

Using its operating system for Universal Autonomy™, Oxbotica will unlock the benefits of self-driving technology for every person and organisation on the planet, making the Earth move safely, sustainably, and more efficiently than ever before.

The funding will drive Oxbotica’s geographical expansion in North America, EMEA and APAC, and accelerate the deployment of its ground-breaking autonomy operating system in domains where there is both urgent need and potential to scale, such as agriculture, airports, energy, goods delivery, mining and shared passenger transportation.

The Osborne Clarke team that advised long-standing client BGF included Associate Director James Taylor and Associate Olivier Jacquelin.

Osborne Clarke’s international venture capital practice is widely recognized as a leading European law firm for companies operating in tech-enabled industries. The Venture Capital team is ranked tier one by The Legal 500 and has experts across London, the Thames Valley and Bristol. It has an outstanding track record advising start-ups, global market leaders, angel investors and institutional VC/growth capital investors on funding rounds, follow-on rounds, venture debt facilities, IPOs, trade sales and buy & build projects.